Schneider National Inc (NYSE:SNDR) Short Interest Update
Schneider National Inc (NYSE:SNDR) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totalling 3,284,100 shares, an increase of 5.3% from the May 30th total of 3,117,800 shares. Currently, 6.6% of the shares of the stock are sold short. Based on an average daily volume of 783,600 shares, the short-interest ratio is presently 4.2 days.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in SNDR. Norges Bank acquired a new stake in Schneider National during the 4th quarter worth $17,312,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of Schneider National during the first quarter worth $17,477,000. BNP Paribas Arbitrage SA boosted its position in shares of Schneider National by 226.6% during the first quarter. BNP Paribas Arbitrage SA now owns 567,271 shares of the company’s stock worth $11,941,000 after purchasing an additional 393,585 shares in the last quarter. BlackRock Inc. boosted its position in shares of Schneider National by 25.6% during the fourth quarter. BlackRock Inc. now owns 1,757,189 shares of the company’s stock worth $32,807,000 after purchasing an additional 358,083 shares in the last quarter. Finally, Millennium Management LLC boosted its position in shares of Schneider National by 33.8% during the fourth quarter. Millennium Management LLC now owns 1,389,701 shares of the company’s stock worth $25,946,000 after purchasing an additional 350,953 shares in the last quarter. 24.17% of the stock is owned by hedge funds and other institutional investors.
SNDR has been the subject of a number of research reports. Buckingham Research lowered their price target on shares of Werner Enterprises from $43.00 to $42.00 and set a “buy” rating for the company in a report on Tuesday, April 2nd. Stephens set a $112.00 price target on shares of Genesee & Wyoming and gave the company a “hold” rating in a report on Monday, July 1st. Morgan Stanley set a $36.00 price target on shares of ArcBest and gave the company a “hold” rating in a report on Monday, July 8th. Zacks Investment Research lowered shares of German American Bancorp. from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. Finally, Credit Suisse Group initiated coverage on shares of Merck & Co., Inc. in a report on Thursday, July 11th. They issued a “buy” rating and a $95.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $26.90.
Schneider National (NYSE:SNDR) last released its earnings results on Thursday, May 2nd. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.10). Schneider National had a return on equity of 12.69% and a net margin of 5.13%. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period in the prior year, the firm posted $0.27 EPS. Schneider National’s revenue was up 4.8% on a year-over-year basis. Equities analysts forecast that Schneider National will post 1.47 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 9th. Shareholders of record on Friday, June 14th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date was Thursday, June 13th. Schneider National’s dividend payout ratio is presently 15.48%.
Schneider National Company Profile
Schneider National, Inc, a transportation and logistics services company, provides truckload, intermodal, and logistics solutions in North America. Its Truckload segment provides standard long-haul and regional shipping services through dry van equipment; and bulk, temperature-controlled, first to final mile delivery, and customized solutions for time-sensitive loads.
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